New Delhi, May 30 (IANS) Inditex Trent Retail India Pvt Ltd — operates Zara’s India business — reported about a 32 per cent decline in consolidated net profit to Rs 204.14 crore in FY26, while revenue from operations decreased 1.17 per cent to Rs 2,749.28 crore, Trent Ltd said on Saturday.The company had posted a profit of Rs 299.84 crore and revenue from operations of Rs 2,782.06 crore in the previous financial year, according to the exchange filing by Trent Ltd.In addition, total income fo…
Latest Tata Group News & Updates
Kolkata, May 30 (IANS) West Bengal BJP president and Rajya Sabha member Samik Bhattacharya on Saturday claimed in a social media post that the Tata Group would return to the state with fresh investment proposals.Referring to the exit of the Tata Motors’ Nano project from Singur in Hooghly district in October 2008, Bhattacharya said the group had been forced to leave amid the anti-land acquisition movement led by the Trinamool Congress under then Opposition leader Mamata Banerjee, who later bec…
New Delhi, May 27 (IANS) Air India has reduced the number of flights on some domestic routes between June and August as the loss-making airline struggles to cut costs amid soaring fuel prices triggered by the Middle East conflict, a statement said on Wednesday.The Tata Group-owned airline said in the statement that the move follows its earlier decision to scale back certain international services.”In continuation of our previously announced adjustments to select international services between Ju…
Mumbai, May 26 (IANS) The board meeting of Tata Sons concluded on Tuesday amid heightened attention on the leadership of the conglomerate and concerns over the financial performance of several group businesses.Directors, including Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the late afternoon after the meeting concluded.N Chandrasekaran did not comment on the discussions or any decisions taken during the meeting while leaving the South Mumbai headqu…
New Delhi, May 13 (IANS) Air India has decided to suspend several international flights for three months, beginning June, amid surging jet fuel prices due to the Middle East crisis, said reports.Multiple reports said that the reduction in international flights from Delhi include key destinations like Chicago and Newark in the US, Singapore and Shanghai.Moreover, Air India flights to destinations like San Francisco, Paris, and Toronto have been cut. Overall, the airline has reduced around 100 dai…
New Delhi, May 10 (IANS) Facing rising financial pressure and operational challenges, Air India has intensified its internal compliance and cost-control measures, with the airline terminating more than 1,000 employees over the last three years for ethical misconduct and policy violations.The disclosure was made by Air India CEO and MD Campbell Wilson during a town hall meeting with employees.Wilson reportedly told staff that the airline had taken action against employees involved in multiple vio…
New Delhi, May 8 (IANS) The Tata Group-backed Air India board has discussed a range of cost-cutting measures, including possible furloughs and deferment of performance-linked bonuses, as the airline grapples with mounting losses and rising operating pressures amid the ongoing West Asia conflict, as per multiple reports.The meeting that was held at the airline’s headquarters in Gurugram, lasted for more than three hours and focused on the carrier’s financial position, cost rationalisation ini…
New Delhi, April 30 (IANS) Air India Express on Thursday announced the restoration of its flight operations to Qatar and Bahrain, while also expanding its network across key Gulf destinations including the United Arab Emirates (UAE), Oman and Saudi Arabia, effective April 30, 2026.With the reinstatement of services, the airline has resumed connectivity from major Indian metros and regional gateways such as Amritsar, Bengaluru, Delhi, Hyderabad, Jaipur, Kochi, Kozhikode, Kannur, Lucknow, Mangalur…
New Delhi, April 29 (IANS) Air India on Wednesday hailed Prime Minister Narendra Modi’s ‘hub-and-spoke’ push to develop India into a global aviation hub, while announcing plans to launch international routes from Varanasi under the proposed hub-and-spoke model.Tata Group-owned airline’s CEO and Managing Director Campbell Wilson described the government’s initiative as a ‘transformative step’ for the aviation sector, saying it would strengthen connectivity and enable optimal use of airport in…
Mumbai, April 28 (IANS) The formal agreement for the transfer of the iconic Air India building at Nariman Point in Mumbai is set to be signed between the Maharashtra government and Air India Assets Holding Limited (AIAHL) within the next week, government officials said on Tuesday. While the state government moved to purchase the building for Rs 1,600 crore nearly two-and-a-half years ago, the transaction had remained incomplete until recently. The Finance Department has now officially transferre…